IPO
The offer price range has been set between AED1.50 and AED1.60 per share
Lulu is now listed under the ticker "LULU"
Admission of the shares for trading is expected to take place on or around December 10
The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent
Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors
The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors
The offer price range remains unchanged, set between AED1.94 and AED2.04 per share
The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing
Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings
